Ann: Prospectus Convertible Note Entitlement Offer, page-36

@Tarvold -- "I was intending to buy more than my entitlement but I received an investment opportunity that yielded a paper profit of greater than 100% instantly so it depends whether i can free up some funds."
Sounds interesting, what does it relate to? Not a P&D scheme?
Also, you mention above as they say in the prospectus the notes are HIGHLY SPECULATIVE... in the fact when you say:
Don't forget there will be a tradeable market in these notes, all be it they will be very illiquid so you don't necessarily have to hold them for 3 years or convert.
Was the wording wrong?
The danger of these convertible situations is that someone gets hold of a lot of them & then shorts the share to depress the conversion price.
If this is the case then they wouldn't be illiquid if they got a lot of them. But, they are highly speculative... anything could happen.

I initially didn't like the feel of the notes but then I feel like going to the casino. A catch 22. Unless there was something better at that time. What was your 100% paper profit relating to? GLTAH